-According to this map of foreclosures and home sales in Houston, most foreclosure sales were clustered along the region's major highways, where land was less valuable.
Definitions:
Maximizing Profit
The process or strategy implemented by a company to ensure that they achieve the highest possible financial gain from their operations, taking into account both revenue and costs.
Marginal Value Curve
A curve showing how the value or utility of consuming an additional unit of a good changes as the quantity consumed changes.
Price
The sum of money anticipated, needed, or provided in exchange for something.
Oligopsony Market
A market form in which the number of buyers is small while the number of sellers in theory could be large, giving the buyers significant control over prices and terms.
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